The appeal was filed against the order dated 21.07.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Indore Bench) in I.A. No. 88 of 2020 filed by the Appellant. The Adjudicating Authority rejected the I.A. The CIRP against the Corporate Debtor was initiated by order dated 15.02.2019. The Resolution Plan submitted by the Appellant was approved by the Committee of Creditors on 07.02.2020. Before the Plan could be approved, the Appellant filed an application to send the Plan back to the Committee of Creditors for resubmission, ensuring its effective implementation. The Adjudicating Authority approved the Plan by order dated 04.06.2020. The Appellant filed I.A. No. 88 of 2020 seeking permission to withdraw the resolution plan dated 24.10.2019.
Shraddha Buildcon Pvt. Ltd. (Appellant) filed an appeal against the order dated 21.07.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Indore Bench) in I.A. No. 88 of 2020. The CIRP against The Dhar Textile Mills Ltd. (Corporate Debtor) was initiated on 15.02.2019. The Appellant's Resolution Plan was approved by the Committee of Creditors on 07.02.2020. Before the plan could be approved, the Appellant filed an application to send the plan back to the Committee of Creditors for resubmission. The Adjudicating Authority approved the plan on 04.06.2020. The Appellant then filed I.A. No. 88 of 2020 seeking to withdraw the resolution plan dated 24.10.2019, citing financial difficulties. The Adjudicating Authority rejected the application, relying on
…Sign in to view the parties.
CIRP against the…
Resolution pla…
The appeal was filed against the order dated 21.07.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Indore Bench) in I.A. No. 88 of 2020 filed by the Appellant. The Adjudicating Authority rejected the I.A. The CIRP against the Corporate Debtor was initiated by order dated 15.02.2019. The Resolution Plan submitted by the Appellant was approved by the Committee of Creditors on 07.02.2020. Before the Plan could be approved, the Appellant filed an application to send the Plan back to the Committee of Creditors for resubmission, ensuring its effective implementation. The Adjudicating Authority approved the Plan by order dated 04.06.2020. The Appellant filed I.A. No. 88 of 2020 seeking permission to withdraw the resolution plan dated 24.10.2019.
Shraddha Buildcon Pvt. Ltd. (Appellant) filed an appeal against the order dated 21.07.2022 passed by the Adjudicating Authority (National Company Law Tribunal, Indore Bench) in I.A. No. 88 of 2020. The CIRP against The Dhar Textile Mills Ltd. (Corporate Debtor) was initiated on 15.02.2019. The Appellant's Resolution Plan was approved by the Committee of Creditors on 07.02.2020. Before the plan could be approved, the Appellant filed an application to send the plan back to the Committee of Creditors for resubmission. The Adjudicating Authority approved the plan on 04.06.2020. The Appellant then filed I.A. No. 88 of 2020 seeking to withdraw the resolution plan dated 24.10.2019, citing financial difficulties. The Adjudicating Authority rejected the application, relying on
…CIRP against the…
Resolution pla…